Aon acquires Tyche Platform to expand insurance capabilities
Aon, a leading global professional services firm, has announced the takeover of software platform Tyche from technology and software firm RPC Tyche for an undisclosed sum.
The acquisition of Tyche will enable Aon to offer re/insurers a single technology platform with the ability to seamlessly integrate capital modelling, pricing and reserving to drive better decision-making across both life and non-life business.
Nick Frankland, chairman of Aon's insurance consulting team, said: "This innovative new offering, combined with our existing global capabilities, will help to bring significant value to Aon's re/insurer clients and deliver new software and consulting solutions to previously underserved markets. As our clients face increasingly complex risks and evolving regulatory requirements, Tyche's expertise is designed to underpin insurers' decision-making frameworks. We are thrilled to welcome Tyche's nearly 140 colleagues to Aon as we share a commitment to innovating on behalf of clients."
Brining technology-driven insights to customers
RPC Tyche is the technology software and consulting company behind the award winning software Tyche, recently announced Actuarial Software of the Year by Insurance ERM. The company’s headquarters are in the City of London and we have offices in Paris, Brussels and the United States of America.
Tyche, a specialist in developing customised risk and capital modelling software for actuaries, quantitative analysts and risk teams, serves global clients that include some of the largest life, non-life, and composite insurers and pension firms, as well as leading professional services providers.
Alun Marriott, managing partner of Tyche, said: "Tyche has built a highly respected and utilised range of risk and capital modelling platforms and consultancy services, and combining with Aon can take us to the next level in terms of capabilities, distribution and delivery. By uniting our passion for technology-driven insight, we will bridge gaps and enhance solutions to benefit clients."
